Shares of Protec Mems Technology listed on KOSDAQ plunged on the 10th morning. Selling appears to have intensified on news that it will conduct a shareholder-allotted paid-in capital increase worth 18.5 billion won.
As of 9:34 a.m. that day, Protec Mems Technology shares were trading on the KOSDAQ market at 2,885 won, down 12.31% (405 won) from the previous session.
Previously, on the 9th, Protec Mems Technology disclosed that it had decided on a shareholder-allotted paid-in capital increase. It will issue 9,180,134 common shares at an issue price of 2,015 won per new share. Protec Mems Technology plans to raise a total of 18.49797 billion won through the paid-in capital increase and use the funds for facility investment.
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